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AUDI AG (NSU)

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Audi : says may expand production at Hungary's plant

07/27/2014 | 07:38am US/Eastern

The Hungarian unit of German car maker Audi could start the production of new engine models at its plant in Gyor, north-western Hungary, in the coming years, MTI news agency reported, citing Axel Strotbek, Audi AG's board member for finance and organisation.

Strotbek said Audi is committed to make substantial investments at its Hungarian base in order to achieve this goal. This also could include projects for further expansion of the car plant. 

Audi has recently announced plans to expand its engine development centre in Gyor. The project envisages the setting up of 12 roller break testers that will boost further the capacity of the plant. The expansion is projected to be completed by 2015.

Audi produced 1.926mn engines at its Gyor plant in 2013, up by 0.5% y/y. The number of vehicles, assembled by the car maker, increased by 28% y/y to 42,851 units as the company launched production of A3 Sedan and the new A3 Cabriole.

The company projects car output to triple to more than 120,000 in 2014.

(c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info).

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